With this acquisition, MonkeyBox will expand beyond schools and will also deliver cold-pressed juices to households, cofounder Sanjay Rao said. The startup is currently operational in Bengaluru, and is expanding to 115 schools, where it offers healthy meals for school children, offering subscription plans for parents.

MonkeyBox currently has three production units in Bengaluru, and will shift RawKing's production unit from Delhi to Bengaluru as well, Rao said.

"Parents who have subscribed for MonkeyBox meals for their children were also asking for healthy fruit juices to be part of it. We didn't want to offer the sugar-heavy ones currently available and decided to have our own production unit, which is when we decided to acquire RawKing," Rao said.

MonkeyBox had raised half a million dollars from Blume and angel investors in December 2015 and had started operations in June last year. RawKing has been bootstrapped so far.

"Since we were bootstrapped, we were finding it difficult to scale, especially in the face of competition in this space. Moreover, we didn't want to raise venture capital since it could have taken our product away from its original health focus to something more distribution friendly," said RawKing cofounder Navneet Misra. "Our philosophy of offering healthy juices matched with MonkeyBox, which led to the deal."

With its entry into the delivery of cold-pressed juices, MonkeyBox will compete with other brands such as Raw Pressery and JuiceUp.

"This acquisition of RawKing will allow Monkeybox to expand the product offering while holding true to their values as they help kids to eat healthy and appreciate nutritious food," Ashish Fafadia, chief financial officer of Blume Ventures said in a statement.

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